Title: Policy Expert Advocates for Extended Loan Terms to Bolster Government’s Job Creation Initiative
In a detailed analysis of the nation’s employment support programs, economic policy specialist Hossein Rahmatinia has highlighted the critical role of government-backed employment loans. He emphasized that these facilities are a strategic tool for empowering vulnerable segments of society and moving them towards sustainable self-reliance.
A Strategic Tool for Empowerment
Rahmatinia articulated that these employment loans represent a cornerstone of the government’s intelligent policy to lift vulnerable groups out of poverty. Unlike large, non-productive loans, these funds are directly channeled into creating tangible economic value. They are specifically used to establish small businesses, invest in solar energy production, launch home-based enterprises, and support livestock farming, thereby fostering genuine economic activity at the grassroots level.
Addressing a Key Implementation Challenge
The core of the expert’s commentary focused on a recent policy adjustment. He noted that a decision to shorten the loan repayment period from 84 months to 60 months has inadvertently placed significant financial strain on beneficiaries. Rahmatinia argued that the logic of such empowerment loans is predicated on gradual, pressure-free repayment. When the monthly installment increases due to a shorter term, a large portion of the individual’s income is consumed by debt repayment, leaving little room for business growth or personal savings. He strongly advocated for a return to the 84-month repayment model as a prerequisite for the program’s long-term success and sustainability.
Call for Enhanced Oversight and Efficiency
Beyond the repayment terms, Rahmatinia pointed to a second critical issue: the need for effective oversight by the Central Bank over the agent banks responsible for disbursing the funds. He noted that despite the allocation of resources, delays and administrative hurdles by some banks have hindered the timely delivery of loans to eligible applicants. This delay not only squanders employment opportunities but can also erode public trust in supportive government policies. The expert called for a redesigned supervisory system, including mandatory monthly reporting from banks, systematic process monitoring, and penalties for non-compliant institutions to ensure that resources reach their intended beneficiaries without obstruction.
In conclusion, Rahmatinia reaffirmed that employment loans for beneficiaries of the Relief Committee and the Welfare Organization are among the most effective instruments for achieving social justice and sustainable employment. He urged the Central Bank to fulfill its vital role in this national endeavor by reinstating the 84-month repayment policy, strengthening its oversight mechanisms, and accelerating the allocation of resources to truly empower the country’s vulnerable populations.